China trade surplus 'is set to tumble'

Friday 12 September 2003 13:01 BST

CHINA'S soaring trade surplus - the target of fierce US criticism - is set to shrink this year by close to two-thirds, the country's official news agency has said. 'China's trade surplus this year is expected to be far lower than the level of $30.3bn (£19bn) posted last year,' an unnamed government official is quoted as saying.